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Henrico County, Virginia

on 16 January 2014

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Transcript of HENRICO COUNTY

New Jobs in Henrico
Henrico ranked second in # of jobs added among all VA localities with
1,563 new jobs
added in 2013.
State of the County
January 16, 2014

Median Household Income
Virginia: $61,741
Henrico: $58,338
Changing Community
Henrico is becoming more diverse and multicultural. Over the past decade the Hispanic and Asian populations in the County have doubled in size.
According to Forbes...
Tourism Makes a Splash in Local Economy
Visitor spending contributed $747 million to Henrico's economy in 2012 -- a 5% increase from the prior year
Local Business Highlight
Richmond International Airport (RIC) was named Henrico's
Business of the Year
for 2013 and was also ranked second in North America for operational efficiency among small- and mid-sized airports,
Developing Workforce
Business Buzz in Henrico
Local Business Stats
“When seeking a location that could provide a stable, well-educated and highly skilled workforce to meet the growing needs of our client, this

[area] was
natural choice.

-Anil Bhalla,
President and Chief Operating Officer of Minacs.
Henrico (Nov. '13): 4.7%
Virginia (Nov. '13): 5.0%
Henrico County Public Schools had six of its high schools named to the 2013 America’s Best High Schools list by Newsweek and The Daily Beast
America's Best High Schools
Cash Infusion in Local Economy
Henrico County Revenues
Business Licenses (2013): 2,431
13% increase in 'Startup Firms' in 1st quarter of 2013 compared to 2012.
Where Will Meals Tax Revenues be Allocated?
100% Goes to Schools
Henrico’s Rec. & Parks launched a new sports tourism website to promote Henrico as a destination for sports, leisure and historical travel
Business Growth
Unemployment Rate
Living in Henrico
A Short Commute
Henrico's average commute of 21.2 minutes is lower than Fairfax's average commute of 31.8 mins., Chesterfield's average of 25.4 mins. and Virginia Beach's average of 22.7 mins
Monthly Residential
Tax Burden
Henrico has the lowest urban real estate tax rate in Virginia
Henrico’s solid tax structure and strong economic base allow us to maintain a higher bond rating than the U.S Government and most of the industrialized world
Lowest personal property tax of $3.50 based on loan value.
Major Developments in Henrico
Real Estate
Henrico Tax Base
RE Tax Base: $30,776,111,900
Residential: 68.4%
Commercial: 31.6%
Status of Market
Henrico’s tourism now exceeds that of Williamsburg by over 50%
Mixed Message
Henrico's divisions of Police and Fire combined forces for an advanced training exercise based on an “active shooter” situation.

The training gave firefighters and police officers an understanding of each other’s roles, which will allow them to better coordinate their efforts in a crisis.
Innovative Collaboration
Focusing on the Customer
Responding to Customer Demands
In response to a Customer Survey, the Permit Center now accepts electronic payments
Department of Planning reviewed and revised the ordinance for urban mixed use districts giving developers greater flexibility to react to market changes
Making Room for Growth
Rec. & Parks launched a new system that allows for online registration for programs
Public Works has implemented an automated traffic management system which allows the department to make immediate adjustments to the county’s 139 traffic signals improving drivers daily commutes
Henrico - A Good Place to Live
"A Good Year for Local Firms"
The Richmond Index ended 2013 with a
30.52 percent gain
for the year

The local index outpaced the S&P 500, which gained 29.6 percent for 2013, its
best year since 1997
Frommer's' Top Destinations for 2014
"Richmond is coming into its own as a choice regional destination with a growing slate of breweries, farm-to-table restaurants, and even white-water river rapid activities cutting right through downtown.
While you weren't looking, Richmond got cool

Photo by Dougtone/Flickr
#12 Richmond, Virginia
Tangible Outcomes
Substantial Savings
Connect with Henrico!
FY2013-14 Budget
Real Estate Tax Kept at 87 cents
Currently Carrying over 300 vacant Positions
Services Upheld
Internship Program
Future Developments
Henrico received 17 NACO Awards in 2013 - More than any other locality in Virginia
Operation Innkeeper -- Received the FBI Directors Award and a NACo Award
Public Safety Successes
Henrico successfully lobbied the General Assembly in its request to extend the Enterprise Zone legislation till 2022
Advocating for Our Businesses
Citizens Academy
Conducted inaugural Citizens Academy, a free, five-week course, which gave residents a chance to gain a stronger grasp of county operations
Year-round program launched for General Government. 2013 intern participation highest recorded by County
Doing More With Less
Re-use of Dormant
Public Facilities
Old Fire Station 3 sold to Firefighter's Association through multi-year lease purchase

Innsbrook library leased to GenetWorx
Henrico spends
$2.9 million or 20 percent less
than Chesterfield to operate it’s Finance Divisions

Cost of living in the Greater Richmond region is significantly lower than similarly sized urban areas in the Northeast and on the West Coast
Number of Positions Vs Service Hours
Local Business Highlight
Henrico has benefited from a
"Year of Restaurants"
in Richmond
The Rise of
Urban Mixed Use
Number of Positions Vs Library Activity
Henrico County Meals Tax
Source: Virginia Labor Market Information
Henrico Tax Receipts
Source: Virginia Labor Market Informaion
Local Sales Tax
Hotel Motel Tax
Henrico captures
of the total sales tax collected in the region which includes Richmond, Chesterfield and Hanover
Source: RichmondBizSense.com
Growth in Henrico
of all hotel rooms in the Richmond region are located in Henrico.
CapTech Ventures, Inc.
Aditya Birla Minacs
Dominion Packaging
Lumber Liquidators LLC
The Travelers Cos. Inc.
Operation Clean Sweep
New Central Station opened at Virginia Center Commons
Targeted Offender Program Launched
Henrico earned its fifth
GO Green Award
from Virginia Association of Counties in 2103
Good Schools = Healthy Community
The benefits of investing in our school system:
Economic Development
Educated Workforce
Lower Crime Rate
Community Involvement
Of the 72 school facilities, 53% of the buildings are at least 50 years old.
2013 Building Permits
Henrico ranked #2 among all localities in Virginia for total taxable sales in 2012 (does not include Use Tax.)
Virginia Taxable Sales
Henrico captures
of all Hotel/Motel Tax

revenues in the region which includes Richmond (27.7%), Chesterfield (19.3%) and Hanover (3.5%)
Total value of all building permits issued
increased by 37.4
compared to last fiscal year

Number of building permits for new Single-family houses (detached)
increased by 51%
compared to last fiscal year

The total value of permits for Single-family houses (detached) i
ncreased by 68.7%
compared to last year
Full transcript